Renaissance Technologies LLC Purchases 322,200 Shares of Sprout Social, Inc. $SPT

Renaissance Technologies LLC grew its holdings in shares of Sprout Social, Inc. (NASDAQ:SPT) by 79.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 727,762 shares of the company’s stock after purchasing an additional 322,200 shares during the quarter. Renaissance Technologies LLC owned approximately 1.22% of Sprout Social worth $4,148,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SPT. Vanguard Group Inc. increased its holdings in Sprout Social by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 6,822,928 shares of the company’s stock valued at $76,894,000 after buying an additional 274,527 shares during the last quarter. Pale Fire Capital SE purchased a new position in shares of Sprout Social during the 1st quarter worth $1,960,000. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Sprout Social during the 4th quarter worth $2,564,000. Brighton Jones LLC grew its position in shares of Sprout Social by 391.7% during the 4th quarter. Brighton Jones LLC now owns 35,985 shares of the company’s stock valued at $1,105,000 after acquiring an additional 28,667 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Sprout Social by 46.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 442,496 shares of the company’s stock valued at $2,522,000 after acquiring an additional 141,258 shares during the period.

Insider Transactions at Sprout Social

In related news, insider Justyn Russell Howard sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $8.28, for a total value of $331,200.00. Following the transaction, the insider directly owned 7,417 shares of the company’s stock, valued at approximately $61,412.76. The trade was a 84.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 9.60% of the company’s stock.

Key Sprout Social News

Here are the key news stories impacting Sprout Social this week:

• Positive Sentiment: Sprout Social reported second-quarter revenue of approximately $123.85 million, ahead of the $122.19 million analyst consensus. Adjusted earnings were $0.26 per share, beating estimates of $0.16 and improving from $0.18 a year earlier. Sprout Social Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management issued notably stronger profitability guidance: third-quarter adjusted EPS of $0.29-$0.30 versus a $0.18 consensus, and full-year 2026 EPS of $1.11-$1.15 versus expectations of $0.68. Full-year revenue guidance of $493.0-$495.6 million was broadly in line with the $494.4 million consensus. Sprout Social Earnings and Guidance
• Positive Sentiment: The earnings presentation and call emphasized continued growth among larger customers, with subscription revenue contribution from customers generating at least $30,000 in annual recurring revenue rising 20% year over year. AI product investment and customer upselling support the case for stronger monetization and operating leverage. Sprout Social Announces Second Quarter 2026 Financial Results
• Neutral Sentiment: Although adjusted results were profitable, Sprout Social remained unprofitable under GAAP, recording an operating loss of approximately $2.7 million and a net loss of $3.1 million. Operating cash flow was positive at $8.5 million, with $119.9 million in cash and equivalents. Sprout Social Q2 2026 Results
• Negative Sentiment: Recent insider activity remains a potential overhang: insiders reported eight sales and no purchases over the past six months, including sales by the executive chair and CFO. This may raise concerns about insider confidence despite the strong quarterly outlook.

Sprout Social Trading Up 26.3%

Shares of SPT stock opened at $10.34 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a fifty day simple moving average of $7.83 and a two-hundred day simple moving average of $7.11. The firm has a market capitalization of $621.54 million, a PE ratio of -20.68 and a beta of 0.97. Sprout Social, Inc. has a 52-week low of $4.92 and a 52-week high of $16.03.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10. The business had revenue of $123.85 million for the quarter, compared to the consensus estimate of $122.19 million. Sprout Social had a negative return on equity of 9.06% and a negative net margin of 6.13%.Sprout Social has set its FY 2026 guidance at 1.110-1.150 EPS and its Q3 2026 guidance at 0.290-0.300 EPS. On average, analysts predict that Sprout Social, Inc. will post -0.31 EPS for the current fiscal year.

Analyst Ratings Changes

SPT has been the topic of a number of recent research reports. KeyCorp raised their target price on Sprout Social from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Friday. Weiss Ratings reissued a “sell (e+)” rating on shares of Sprout Social in a report on Friday, July 17th. Finally, Barclays upped their price target on Sprout Social from $8.00 to $9.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sprout Social currently has a consensus rating of “Hold” and a consensus price target of $10.43.

Sprout Social Profile

Sprout Social (NASDAQ: SPT) is a Chicago-based software company specializing in social media management solutions for businesses of all sizes. The company provides a cloud-based platform designed to help organizations improve their social media presence through a suite of tools for content scheduling, community engagement, social listening and analytics. Sprout Social’s platform is built to streamline the workflows of marketing, customer care and public relations teams by providing a centralized hub for managing multiple social channels.

The company’s product offerings include publishing and scheduling capabilities that allow users to plan and automate social content across networks such as Facebook, Instagram, Twitter, LinkedIn and Pinterest.